Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Up - Time to Buy?

Shares of Energy Fuels Inc. (NYSEAMERICAN:UUUU - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $4.13, but opened at $4.22. Energy Fuels shares last traded at $4.12, with a volume of 1,043,852 shares.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UUUU. Roth Mkm upgraded Energy Fuels from a "neutral" rating to a "buy" rating and set a $5.75 price target for the company in a report on Friday, February 28th. Roth Capital set a $5.75 target price on Energy Fuels in a report on Friday, February 28th. Finally, HC Wainwright cut their price target on Energy Fuels from $11.00 to $10.75 and set a "buy" rating on the stock in a research note on Friday, February 28th.

Energy Fuels Price Performance

The company's fifty day simple moving average is $4.94 and its 200-day simple moving average is $5.51. The firm has a market capitalization of $745.09 million, a PE ratio of -17.05 and a beta of 1.68.

Insider Activity

In related news, Director Bruce D. Hansen purchased 6,000 shares of Energy Fuels stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average price of $4.25 per share, for a total transaction of $25,500.00. Following the acquisition, the director now directly owns 295,239 shares in the company, valued at approximately $1,254,765.75. The trade was a 2.07 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J. Birks Bovaird sold 10,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $5.44, for a total transaction of $54,400.00. Following the transaction, the director now directly owns 178,380 shares in the company, valued at approximately $970,387.20. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,350 shares of company stock valued at $146,535 in the last three months. 1.92% of the stock is currently owned by corporate insiders.

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Institutional Investors Weigh In On Energy Fuels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AlphaMark Advisors LLC acquired a new position in Energy Fuels during the fourth quarter worth $25,000. Sterling Capital Management LLC raised its holdings in shares of Energy Fuels by 793.4% in the 4th quarter. Sterling Capital Management LLC now owns 5,923 shares of the company's stock valued at $30,000 after buying an additional 5,260 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Energy Fuels by 65.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,159 shares of the company's stock valued at $32,000 after acquiring an additional 2,442 shares during the period. Lionstone Capital Management LLC acquired a new position in Energy Fuels in the 4th quarter valued at about $35,000. Finally, Signaturefd LLC increased its stake in Energy Fuels by 48.5% during the fourth quarter. Signaturefd LLC now owns 8,870 shares of the company's stock worth $46,000 after purchasing an additional 2,898 shares during the period. Institutional investors and hedge funds own 48.24% of the company's stock.

About Energy Fuels

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.